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Side-by-side financial comparison of INNOSPEC INC. (IOSP) and TRIMAS CORP (TRS). Click either name above to swap in a different company.

INNOSPEC INC. is the larger business by last-quarter revenue ($453.2M vs $256.5M, roughly 1.8× TRIMAS CORP). TRIMAS CORP runs the higher net margin — 31.9% vs 6.8%, a 25.1% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs 2.8%). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% CAGR vs 2.1%).

Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is an American specialty chemical company. It comprises three business units:The Performance Chemicals business trades in the personal care, home care, agrochemical, mining and industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives. The Oilfield Services business supplies drilling, completion and production chemicals.

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

IOSP vs TRS — Head-to-Head

Bigger by revenue
IOSP
IOSP
1.8× larger
IOSP
$453.2M
$256.5M
TRS
Growing faster (revenue YoY)
TRS
TRS
+1.0% gap
TRS
3.8%
2.8%
IOSP
Higher net margin
TRS
TRS
25.1% more per $
TRS
31.9%
6.8%
IOSP
Faster 2-yr revenue CAGR
TRS
TRS
Annualised
TRS
3.3%
2.1%
IOSP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IOSP
IOSP
TRS
TRS
Revenue
$453.2M
$256.5M
Net Profit
$30.8M
$81.7M
Gross Margin
27.3%
12.8%
Operating Margin
8.1%
5.7%
Net Margin
6.8%
31.9%
Revenue YoY
2.8%
3.8%
Net Profit YoY
-8.3%
236.9%
EPS (diluted)
$1.22
$2.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IOSP
IOSP
TRS
TRS
Q1 26
$453.2M
$256.5M
Q4 25
$455.6M
$-140.0M
Q3 25
$441.9M
$269.3M
Q2 25
$439.7M
$274.8M
Q1 25
$440.8M
$241.7M
Q4 24
$466.8M
$-66.2M
Q3 24
$443.4M
$229.4M
Q2 24
$435.0M
$240.5M
Net Profit
IOSP
IOSP
TRS
TRS
Q1 26
$30.8M
$81.7M
Q4 25
$47.4M
$81.7M
Q3 25
$12.9M
$9.3M
Q2 25
$23.5M
$16.7M
Q1 25
$32.8M
$12.4M
Q4 24
$-70.4M
$5.6M
Q3 24
$33.4M
$2.5M
Q2 24
$31.2M
$10.9M
Gross Margin
IOSP
IOSP
TRS
TRS
Q1 26
27.3%
12.8%
Q4 25
28.0%
Q3 25
26.4%
12.8%
Q2 25
28.0%
13.8%
Q1 25
28.4%
13.6%
Q4 24
29.2%
Q3 24
28.0%
15.4%
Q2 24
29.2%
14.4%
Operating Margin
IOSP
IOSP
TRS
TRS
Q1 26
8.1%
5.7%
Q4 25
10.3%
Q3 25
1.3%
6.2%
Q2 25
7.8%
9.9%
Q1 25
9.6%
9.0%
Q4 24
8.8%
Q3 24
10.3%
3.6%
Q2 24
9.4%
7.4%
Net Margin
IOSP
IOSP
TRS
TRS
Q1 26
6.8%
31.9%
Q4 25
10.4%
-58.4%
Q3 25
2.9%
3.5%
Q2 25
5.3%
6.1%
Q1 25
7.4%
5.1%
Q4 24
-15.1%
-8.5%
Q3 24
7.5%
1.1%
Q2 24
7.2%
4.5%
EPS (diluted)
IOSP
IOSP
TRS
TRS
Q1 26
$1.22
$2.03
Q4 25
$1.90
$2.01
Q3 25
$0.52
$0.23
Q2 25
$0.94
$0.41
Q1 25
$1.31
$0.30
Q4 24
$-2.80
$0.14
Q3 24
$1.33
$0.06
Q2 24
$1.24
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IOSP
IOSP
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$289.1M
$30.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$705.6M
Total Assets
$1.8B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOSP
IOSP
TRS
TRS
Q1 26
$289.1M
$30.0M
Q4 25
$292.5M
$30.0M
Q3 25
$270.8M
$33.6M
Q2 25
$266.6M
$30.3M
Q1 25
$299.8M
$32.7M
Q4 24
$289.2M
$23.1M
Q3 24
$303.8M
$26.9M
Q2 24
$240.2M
$35.0M
Total Debt
IOSP
IOSP
TRS
TRS
Q1 26
Q4 25
$469.2M
Q3 25
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$398.1M
Q3 24
$409.9M
Q2 24
$427.4M
Stockholders' Equity
IOSP
IOSP
TRS
TRS
Q1 26
$1.4B
$705.6M
Q4 25
$1.3B
$705.6M
Q3 25
$1.3B
$725.0M
Q2 25
$1.3B
$715.3M
Q1 25
$1.3B
$686.6M
Q4 24
$1.2B
$667.3M
Q3 24
$1.2B
$682.8M
Q2 24
$1.2B
$675.9M
Total Assets
IOSP
IOSP
TRS
TRS
Q1 26
$1.8B
$1.5B
Q4 25
$1.8B
$1.5B
Q3 25
$1.8B
$1.4B
Q2 25
$1.8B
$1.4B
Q1 25
$1.8B
$1.4B
Q4 24
$1.7B
$1.3B
Q3 24
$1.8B
$1.4B
Q2 24
$1.7B
$1.4B
Debt / Equity
IOSP
IOSP
TRS
TRS
Q1 26
Q4 25
0.66×
Q3 25
0.56×
Q2 25
0.59×
Q1 25
0.63×
Q4 24
0.60×
Q3 24
0.60×
Q2 24
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IOSP
IOSP
TRS
TRS
Operating Cash FlowLast quarter
$17.6M
$117.5M
Free Cash FlowOCF − Capex
$36.8M
FCF MarginFCF / Revenue
14.4%
Capex IntensityCapex / Revenue
2.0%
18.9%
Cash ConversionOCF / Net Profit
0.57×
1.44×
TTM Free Cash FlowTrailing 4 quarters
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOSP
IOSP
TRS
TRS
Q1 26
$17.6M
$117.5M
Q4 25
$61.4M
$41.5M
Q3 25
$39.3M
$36.5M
Q2 25
$9.3M
$30.3M
Q1 25
$28.3M
$9.2M
Q4 24
$25.7M
$27.1M
Q3 24
$73.5M
$22.0M
Q2 24
$4.7M
$18.4M
Free Cash Flow
IOSP
IOSP
TRS
TRS
Q1 26
$36.8M
Q4 25
$46.8M
$36.8M
Q3 25
$25.0M
$22.8M
Q2 25
$-3.7M
$13.2M
Q1 25
$19.9M
$-3.8M
Q4 24
$13.6M
$12.1M
Q3 24
$65.8M
$10.2M
Q2 24
$-6.2M
$7.5M
FCF Margin
IOSP
IOSP
TRS
TRS
Q1 26
14.4%
Q4 25
10.3%
-26.3%
Q3 25
5.7%
8.5%
Q2 25
-0.8%
4.8%
Q1 25
4.5%
-1.6%
Q4 24
2.9%
-18.3%
Q3 24
14.8%
4.4%
Q2 24
-1.4%
3.1%
Capex Intensity
IOSP
IOSP
TRS
TRS
Q1 26
2.0%
18.9%
Q4 25
3.2%
-3.4%
Q3 25
3.2%
5.1%
Q2 25
3.0%
6.2%
Q1 25
1.9%
5.4%
Q4 24
2.6%
-22.6%
Q3 24
1.7%
5.2%
Q2 24
2.5%
4.5%
Cash Conversion
IOSP
IOSP
TRS
TRS
Q1 26
0.57×
1.44×
Q4 25
1.30×
0.51×
Q3 25
3.05×
3.92×
Q2 25
0.40×
1.81×
Q1 25
0.86×
0.74×
Q4 24
4.80×
Q3 24
2.20×
8.71×
Q2 24
0.15×
1.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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